0932 GMT - Domino's Pizza Group U.K.'s stated ability to fund future mergers and acquisitions through its existing balance sheet capacity reassures investors regarding the company's capital allocation, RBC Capital Markets analyst Ross Broadfoot says in a note. The pizza chain--holder of the master franchise agreement to own, operate and franchise Domino's stores in the U.K. and Ireland--purchased additional 24% of its Northern Irish joint-venture Victa, which will contribute a further 3 million pounds to underlying Ebitda. In addition, the group completed its trial loyalty scheme with 630,000 customers, which tops expectations ahead of its launch in 2026. "The progression of the group's loyalty scheme is particularly pleasing as the group seeks to use data to drive customer behavior," he says. Shares are down 2.9% at 284.40 pence. (helena.smolak@wsj.com)
(END) Dow Jones Newswires
March 11, 2025 05:32 ET (09:32 GMT)
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